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Search Results 0 to 49 of about 117 (some duplicates have been removed)
the same way by the sales tax. it doesn't care if you're a janitor with four kids or a cardiologist with lots of dollars. the greater percentage of income you pay, if you don't make that much money, that sales tax on the egg might be 1% of a day's pay for you. it could probably be more like a thousandth of a percent of the cardiologist's paycheck for the day. a sales tax is therefore among the least populist way of raising money for government, proportionally speaking. it takes the most from people with the least money, and the least from everybody who has more money. because of that backwards impact, because it's harder on the poor and easier on the rich, you might think a tax like that would be among the most unpopular tax ideas. but in bright red states, states where republicans have complete control of the government, that tax all of the sudden is really popular. this month in louisiana, republican governor bobby jindal rolled out his agenda for this year. get rid of the income tax and corporate taxes where how much you pay depends on how much you make. but do not worry about th
this is still a fight between how much spending cuts and how much taxes. the president got his -- >> well, simpson-bowles said let's get rid of the high tax rates. the president doesn't seem to be in favor of that mpt you had $1 trillion in tax increases with obama care. he just got new tax increases at the beginning of this month. and now they are calling for even more tax increases, and they are not calling to cut spending. they are calling for spending increases. so basically what they're saying is, they want americans to pay more so washington can spend more. that's not going to help the economy, and that is not going to close the gap and balance the budget. the reason we want to balance the budget is not to make the numbers add up. we think that's necessary for growth and opportunity. we think it's necessary to make sure that our kids don't get this debt that they won't be able to handle if we keep going down the path we are on. >> but there are certainly those in the white house who would take issue with what you said or might even say to use your own criticism that's a straw man ar
basically extended the bush tax cuts for those under $450,000, modified the state tax, moved the capital gains rate up to 20%, was that a good or bad deal for the american people? >> we don't know yet because what we did is half of the budget. the tax cut part of the budget. we didn't do how to pay for it part of the budget. the problem that we have gotten ourselves in to is people trying to do budgets as if the taxes and spending are unrelated. they keep talking about reducing the size of government with unspecified cuts or to spending problem, not a taxing problem. but when you try to pin people down on numbers, you find out that what they're talking about is spending too much money on social security, medicare, head start, transportation or even embassy security. if you look at the budget last couple of years, embassy security was being cut so when they talk about these cuts, without specifying them, you're not really doing a budget. we passed -- we passed a -- almost $4 trillion tax cut without an indication of how to be paid for. now we have the sequester kind of hanging over our he
, catherine! have we met? yeah, last week at the tax store i did your taxes. you work here too. yep. i thought you were an expert with returns? oh i am, especially after the holidays! major tax stores advertise for preparers with "no taxes experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. [ male announcer ] once you've got verizon fios internet, you get it -- the difference 100% fiber optics makes. but don't take our word for it -- ask a real fios customer. ask me why fiber optics matters. ask me about the upload speeds -- they're sick! [ male announcer ] so go online and send a tweet to a real fios customer. last chance to get fios for just $89.99 a month for 2 years with a 2-year agreement. plus get $300 back. visit got2getfios.com for america's fastest, most reliable internet. call the verizon center for customers with disabilities at 800-974-6006 tty/v. . >> could be some storms by this time tomorrow night so keep watching. >> have a goot good night. there are
to raise tax rates. a lot of the democrats i talked to and even the white house said they are willing to do tax reform where there could be additional revenue. are you opposed to any additional revenue that could come from tax reform? >> we offered that back in the fiscal cliff negotiations. the president got his additional revenues. that's behind us. those higher revenues occurred, and now we need to focus on getting spending down. >> here is the leverage question. senator schumer said we didn't just get our revenues. we got some. there has to be more that are part of it. the president will say that. so as you are -- >> are we for more revenue? no, we are not. >> even if it's from tax reform? >> if you keep raising revenues, you're not going to get different tax reform. i know you didn't want a chart, but i'm kind of a chart guy. this dream line shows you the historic taxes. the red line is tax increases. the red line, where spending is going. spending is the problem. revenues aren't the problem. if you keep chasing higher spending with higher revenues as they're calling for, you're going
, a trillion dollar tax hike took effect. the senate voted to prevent tax hikes and 98% of americans. and made the lower tax hikes permanent. president obama got less revenue than the speaker offered in the first place. in short, there is no way we were going to get a better deal for the american tax payer. we wanted to keep tax hikes low for everybody. we wanted to cut spending. otherwise every single taxpayer would have paid higher taxes and our economy would have gotten into a nosedive. the decision was simple. if you think a bill needs to pass, you vote for it. many of my colleagues voted the other way. i respect their decision. prudence demands mutual understanding, especially among friends. my colleagues and i saw the same thing. we wanted a smaller, smarter government. we simply differed on the means. that is the difficulty of governing. it should not be a cause for division. our tactics will differ from issue to issue, but our strategy remains the same. in the next four years, opportunity will not come easily. we have to pay our bills and make sure we can pay our bills tomorrow. to do
balancing the budget while the country is getting older and while you won't raise taxes is really hard. to do it you have to embrace some really ugly policies, so to understand the trap, what they're about to tell the american people they're going to do you need to quickly understand what is in ryan's original budget. he didn't balance until 2038. so i made a graph for you. i want to be clear away they are. they're the numbers that paul ryan himself gave the congressional budget office. they are his own vision of his plan. they're what happens if everything goes exactly how he wants it to. and so what you're seeing here is the definition between paul ryan's most recent budget and the law as it is currently read. and it is two different things, ten years from now. this gives you a very clear idea up until now of what ryan has been cutting. first, people tend to think that ryan's budget is about medicare. but that is not where he gets savings, at least in the first ten years. it is only about half of gdp, or 10% of his cuts. then, he doesn't touch medicare at all. then there is this cate
with incentives to take risks and bring ideas from dream to reality. tax credit to help early-stage companies to develop andit's worked in other states, and it's something we can do this session. i will work with the legislature to make it more desirable for small and medium size businesses to hire more people in washington. we must also do a better job commercializing the technologies connecting the dots from the classroom to the laboratory to the marketplace. and no economic strategy would be complete without a transportation plan that facilitates this growth. this session i expect to work with stakeholders that have already committed to a bipartisan plan to build an infrastructure for the next generation. in the next ten years, our population will grow by approximately three quarters of a million people, but we will not be adding one more square inch of dirt. to honestly address our recognize that creativity is just as important as concrete. i want us to turn our innovative spirit towards crafting a transportation package that includes roads, trains, light rail, buses, bike routes and othe
on education, on taxes, on any of this stuff. that's what's going on. >> so that's the issue. >> of what do democrats get out of it? why are they pushing it? >> hispanics have been demanding something on this, and at some point -- >> but do they want the teeth, the tough requirements of worker verification? do they want the tough part of the bill? >> i think -- yes, because if you actually go to places like arizona and new mexico and i have seen surveys of hispanic americans, hispanic american citizens who say second, third, fourth generation, saying i did it legally. these folks should have to do it legally. >> i just don't hear that from the latino groups. >> no, they -- >> i don't hear the interest groups pushing for real teeth. let's take a look -- >> the interest groups rnt. i'm talking about rank and file hispanic americans. >> that's positive. let's look at what he had to say. he came out for what he calls comprehensive immigration reform. it was at a speech in las vegas. he said the bipartisan plan put forward by eight senators was in line with the principles he's for which is very
taxes, paying a penalty, learning english, and then going to the back of the line behind all the folks who are trying to come here legally. that's only fair. >> and i'll have commentary on that in a moment. i'm not all on board with it. it sounds good, but the path to earn citizenship has a lot of supporters in congress. in fact, it's the same path outlined by the group of senators. president obama's plan has a few more specifics. the path to citizenship is not contingent on meeting security triggers like additional border security and unmanned drones. it calls for improvements to immigration courts. and it requires the same visa rights for same-sex couples as everyone else. now, these minor differences cause some grandstanding from republican senator marco rubio out of florida today. rubio intends to make this issue political. >> if this endeavor becomes a bidding war to see who can come up with the easiest, quickest, and cheapest pathway to greencard possible, this thing is not going to go well, folks. >> of course there is really only one place for republicans to go when they want t
be making a bigger case about taxes, spending, shoot for the mountains and not get dragged down on what he says is clearly democrats and the president's turf. >> we have to focus, steve, i believe republicans -- i've said it time and time again -- on taxes. on cutting spending. on saving entitlements. on saving america from this crushing national debt. it grew $6 trillion under barack obama over the past term. and try to avoid some of these other issues. but i hear bobby jindal's new federalism on crack talking about cutting federal employees by three-quarters, et cetera, et cetera. that ain't going to happen. with the changing demographics and where america is and where it's going over the next 20 every 30 years. >> that's the issue. if you separate it, i think the first part not being the stupid party anymore is sort of a no-brainer. why would you go around insulting important interest groups. >> women. >> yeah, the 47%, all that stuff. but then you get to his policy proposals, and i don't think he's in the mainstream of this country when you talk about 25% of the government buildings, c
. >> coming up on a 11 news at noon, we will answer your tax questions. if you have a tax question, -- coming up on 11 news at noon, we will answer your tec questionh. i do interior decorating and styling for bars and restaurants. [ male announcer ] whenever a business switches from cable to verizon fios, there comes a moment when they get it -- the powerful difference 100% fiber optics really makes. i got it the first time i uploaded these massive design plans. it was kind of mind-blowing because it happened so fast. [ male announcer ] now do more business per second with the speed and reliability of verizon fios for business. get internet and phone for just $94.99 a month when you sign up online with a two-year price guarantee. plus, get a $200 verizon visa pre-paid card. verizon. verizon visa pre-paid card. good evening, this is flo. [laughs] yes, i'm that flo. aren't you sweet! licensed phone-ups available 24/7. call 1-800-progressive. >> superable sunday is just around the corner. there may be -- super bowl sunday is just around the corner. janck and jackie will be sweating it be-- jack
and pass a background check. you would be required to do that if you're illegal. pay a fine and back taxes. earn probationary legal status. learn english. continue to pay taxes. show work history and then get a green card and then apply for citizenship. effectively you would go to the back of the line. so this is a bipartisan effort. remember, some of these commissions have come together in the past, in the last four years, specifically about the debt and the president hasn't necessarily taken on the plan that they have come up with. so this will be really important to see if it actually works. >>brian: a really important provision, skills valued. we've got engineers out there, computer technology experts, people when they have skills -- for example, if they train at american universities, they would get a priority. this is what microsoft and you always heard apple saying. we need more engineers in this country. why are we training them and letting them go back home? let's give them u.s. status or a green card. marco rubio talks about a plan. >> before we can move towards a path for green
that individuals should pay their back taxes, learn english, and pass a background check. all of which has been part of john mccain's plan for quite some time. bill: the numbers on the current state of immigration in the u.s., they are truly staggering. there are roughly 11 million immigrants here in the u.s. illegally. that is down from the record of more than 12 million five years ago. the vast majority, 80%, come from mexico and latin america. in 2012, last year alone, more than half of all those facing deportation were convicted criminals. martha: some new information right now on what could mark a dramatic reversal for the boy scouts of america and its over 3.5 million youth members and adult volunteers. the iconic american scouting group founded 103 years ago next month is now discussing ending its ban on gay members. doug mckelway is live in our d.c. bureau. doug, when can we expect a decision on this? >> reporter: martha, it could come as early as next week. the proposed change would end the nationwide ban on homosexuals joining the ranks of scouts and scout massers. it would allow indi
things with economic reform but tax reform, immigration reform. i don't have a crystal ball but i think that there is little doubt that the president would be willing to compromise if the other party is willing to meet him part of the way. but the other party's job is to see how much it can get for its side and given the issues that we have been through such as the fiscal cliff, the fact is there's no way out of the issues without compromise but i do think that we will see compromise on something like immigration reform because demographics is destiny and the republicans as well as the democrats recognize that they have to share some support for the immigration reform if they are not going to in the case of the republicans lose the span of the population permanently. to the republican party. so, the president has already i believe shown a willingness to compromise, and all of the data shows that the republicans are the party that has moved to the right and the left although both parties are extreme, so i feel that we are going to see the president because he won the election to be tough
line is historic tax rates, how much we raise in taxes and the blue is how many increases president obama is calling for. the red is where spending is going. spending is the problem, revenues are not the problem. if you keep chasing them they will hurt economic growth, shut down the economy and won't get the budget balanced. >> what i heard the president say was programs like social security and medicare and med aid critically important for our future and we need to have a bipartisan commitment to make them work. bob and i have been in a lot of meetings talking about deficit reduction. we need reform in the programs that mean they will live on to serve future generations. that's the message i took from the president. >> referring to bob corker to the left of the screen. the president has a full plate. not just the budget but the issue of guns, and this week he heads to las vegas for a speech about overhauling immigration. so the second term is already kicking off with plenty on his plate. >> all right. peter alexander, white house correspondent, thank you so much. >>> we want to tur
-paying jobs in these industries will be paying the taxes to some other country, will be simply an economy and some of the country. you want to know what america is special? one of the reasons why it special is because for over 200 years we have been a collection of the world's best and brightest to a magnet that attracts people here and now have an immigration system in the 21st century that is making a very difficult to achieve. that's what this effort is to the other concern i heard is what about folks that are in this country now? this is a legitimate concern when people raise it, i don't get upset about that. that is a very legitimate concern. about the kids are raised here and go into these intricate, will they be hurt if you have seen the need, they need far exceeds what we are producing. so that's not an immediate concern but here's the other. that is the startling figure that was used earlier. that for every 100, 100 foreign-born s.t.e.m. workers we're creating 260 some odd jobs. it's indisputable that these jobs create jobs for people right down the line in this process. if you'r
taxes and you will have to pay a fine. and what you will get is basically the equivalent of a nonresident visa that allows you to work here. you do not qualify for federal financial benefits, so you are not a strain. i've heard that concern raised, this is going to place a strain on our social services. as a nonimmigrant visa holder you do not qualify -- under existing law now you do not qualify for federal benefits. what you get is a work perm. the ability to be here legally. we know where you are, we know where you live. you pay taxes. you've paid a fine. this is not amnesty and you have a nonimmigrant visa. there is nothing you can do with that visa is stay here and work. you can travel to visit relatives. you can't turn that into citizenship. they will have to remain in that probationary phase for a significant period of time, not an unreasonable period of time but a significant period of time. after that period of time elapsed and if they have complied with all the requirements of that probearingsary period and if -- probation ary period and if it is certified the en
to stand out in a crowd, whether it's on taxes or regulations or in the past on immigration, you were completely shunned from the party. finally there's an understanding we've got to grow the party. what we've been saying for quite frankly for years and getting attacked, we want colin powell on our side. we want moderate republicans on our side. if we're going to be the majority party again, we've got to spend the party. >> are you saying they're pushing her out of the spotlight as part of making the stupid party less stupid? >> what i'm saying is that sarah palin represented a time and place in american politics. and not 2008 so much as 2010. and that time is passing us very quickly. and party leaders are finally understanding that. you know, roger els, i brought up richard haass, roger els before. roger els saw this coming well before the 2012 election. he had realized what had gone wrong. not only at his network but also in the conservative movement of the republican party. that's why he was running out and talking to chris christie saying, get in this race. you can save this party
year to try to convince voters to approve a tax hike to deal with california's bumming. well, he successfully succeeded in doing that. so now his clout couldn't be lier and today we expect him to outline his vision on other issues beyond what last year was which was all about taxes and that's going to include as you said education, a big one. he is going to reveal a plan we expect that will offer more money and resources to poorer schools or those student who are more in need than others and also to address public universities to try to compel them to cut costs to students as well as making courses more prevalent online. infrastructure is another big one as he is expected to push for high speed rail and to talk act water issues and trying to build two massive tunnels to move water from northern california to southern california. part of today's state of the state address will be very positive in tone. the governor expected to point out that california is leading the nation in job growth and that the state's credit rating has improved dramaticly over the past several years. last b
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and counting. republicans say you cannot tax the wealthy enough to make a dent. a leading senate republican says president obama has talked a good game but has not delivered. >> when it comes to reducing the debt as we would say out in the west, the president has been all hat and no cowboy. in other words, he has been all talk and no action. what we have seen over the past four years as trillion-dollar deficits every single year, the debt has ballooned by 50% and so the president's record and his rhetoric just don't match up. >> republicans say democrats got their tax increases part of the fiscal cliff standoff. the final settlement and now many republicans are saying new taxes are off the table, bill. >> bill: what are democrats saying about the strong possibility, mike, that these cuts to defense spending may go into effect after all. >> well, democratic leader harry reid said that next week senators were going to sit down and talk about alternatives to those cuts to domestic and defense spending. today senator reid hinted at more taxes. >> remember, the american people still believe by a
't marginalize it all. >> say on the tax policy, they fought on raising taxes on the rich. 60% to 70% of the public agree with the president on that. so they're marginalized on a lot of policy matters, and the stupid comments don't come out. >> coming out for lower taxes are not going to get you beat. why don't they stick to the strong points? republicans looked ridiculous this week when they decided to go after hillary clinton, who is riding so high in the polls. why did they go after her at the very point she was at her strongest, they attacked. let's take a look. >> i'm glad that you're accepting responsibility. i think that ultimately with your leaving you accept the culpability for the worst tragedy since 9/11, and i really mean that. had i been president at the time and i found that you did not read the cables from benghazi, you did not read the cables from ambassador stevens, i would have relieved you of your post. i think it's inexcusable not to know of the request for security that really i think cost these people their lives. >> madam secretary, you let the consulate become
hopefully with full understanding of how difficult the tax is. and finally, last couple of days we have been ability to event what was called a nuclear option in the united states senate. a lot of people don't appreciate how important it was for us to get that done. chuck schumer and i and others and dick durbin were involved a bistart san effort to avert that. we were able to do that with the co-leaders. there is a desire for bipartisanship here in this body. i think we can show the country and the world that we are capable of tackling this issue, a looming and terrible issue that has to be resolved in a bipartisan basis and i believe the majority of the american people support such an effort and i want to thank my colleagues again and the ever congenial senator schumer. >> now we'll have the even more congenial senator durbin. >> i want to thank my colleagues. john mccain, thanks. we have been down this road before but i feel very good about our chances this time. chuck, thank you for your leadership on this. i'm sure that marco and bob and lindsey and i understand that you've been the for
Search Results 0 to 49 of about 117 (some duplicates have been removed)